While in some cases it is true that entrepreneurship is something that you can be learned later on, some people are just born with it. For example, it’s no coincidence that Warren Buffett started trading stocks at the age of 11, while many will live their whole lives without investing a single penny in the stock market.
You can’t argue that some people just seem to be destined for entrepreneurship, no matter which side of the nurture vs nature argument you’re on. If you are still on the fence as to whether you were born to be or become one, here are some of the signs that you could be destined to be a great entrepreneur.
According to this piece by Aston University, one of the first things you should assess to see if you are meant to be an entrepreneur is having a clear understanding of your strengths and weaknesses. You may have already noticed some of these weaknesses during your career or studies. You have to be able to identify what your skills are, what you can and cannot do, and what spurs you on as far as business goes. If you’re able to do that, you’ll then be able to fill these gaps through education if necessary and move to the next step.
You’re Never Satisfied with Your Accomplishments
If you’re always up for challenges and are constantly looking for the next one, then this is another sign that you may be primed to be an entrepreneur. If you’re not the type to pat yourself on the back easily and are you’re never satisfied with doing “good enough”, then this is a great trait to bring into the business.
You’re Great Under Pressure
Being a business owner also means living in a constant state of uncertainty. Business owners have to be able not only to operate but thrive outside of the comfort zone. They have to deal with:
- Major competitors
- Increase in supply costs
- Landlord issues
- Human resources
- Disputes between employees
- Employees and upper management leaving
- Fluctuating sales
- Cash flow issues
So, if you notice that you have no problem working under pressure, or if it fuels your fire and pushes you to the next level, this is another clear trait that you could make a great entrepreneur.
A good entrepreneur never lets their people see them sweat, and they know how to show a calm face in the eye of a storm. If you noticed that you were always able to perform when it’s crunch time, and are able to get in “the zone” when it’s called for, then this is one of the most important skills you can have as an entrepreneur.
You’re a Risk Taker
Entrepreneurs are risk-takers by nature, and if you’re naturally timid and risk-averse, this is something that will be difficult to overcome. Here are some of the elements of a business that involve risk-taking:
- Looking for investors
- Searching for financing
- New product development
Great business owners know how to take calculated risks, and are not reckless. They use real data to make decisions and aren’t afraid of the unknown. Risk takers are also the ones who end up innovating and don’t have to wait for others to make mistakes before they make their own.
You Don’t Fit In
Maybe you’ve spoken about your ideas to people around and they told you were crazy, or they gave you the same old, “If it was that easy, then everyone would be doing it.” If you have heard this before, then congratulations – you might have the kind of mindset it takes to be a successful entrepreneur!
However, entrepreneurship isn’t for everyone. Like we said earlier, you need to be a risk-taker, but you also need a little bit of crazy in you, or else you won’t be able to create something that has never been created before.
And if you listen to some of the accounts about some of the most successful entrepreneurs, you’ll notice that many did not fit in and were quite eccentric. Steve Jobs once said, “Those who are crazy enough to want to change the world are the ones who actually do.” So, if you feel like you have some difficulty fitting in, see it as a good sign, and always bounce your ideas off actual people in the field.
If you identify with any of these traits, you could very well be destined to be a successful entrepreneur. Building on this foundation with the right expertise will allow you to transmute these gifts into a lucrative business.